Alphabet Inc. $GOOG Shares Acquired by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,005 shares of the information services provider’s stock after purchasing an additional 1,902 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Alphabet were worth $12,596,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Gilman Hill Asset Management LLC raised its position in shares of Alphabet by 3.6% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 14,101 shares of the information services provider’s stock valued at $2,501,000 after purchasing an additional 486 shares in the last quarter. Eldred Rock Partners LLC acquired a new position in shares of Alphabet in the 2nd quarter valued at approximately $216,000. Lineweaver Wealth Advisors LLC raised its position in shares of Alphabet by 11.1% in the 2nd quarter. Lineweaver Wealth Advisors LLC now owns 4,629 shares of the information services provider’s stock valued at $821,000 after purchasing an additional 461 shares in the last quarter. Central Valley Advisors LLC raised its position in shares of Alphabet by 2.0% in the 2nd quarter. Central Valley Advisors LLC now owns 4,584 shares of the information services provider’s stock valued at $813,000 after purchasing an additional 89 shares in the last quarter. Finally, Bruce G. Allen Investments LLC raised its position in shares of Alphabet by 163.6% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 232 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 144 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $229.73, for a total transaction of $7,466,225.00. Following the completion of the transaction, the chief executive officer owned 2,429,892 shares of the company’s stock, valued at $558,219,089.16. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 18,566 shares of the firm’s stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $185.76, for a total value of $3,448,820.16. Following the transaction, the director directly owned 243,400 shares of the company’s stock, valued at $45,213,984. This represents a 7.09% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 258,088 shares of company stock worth $52,405,304. Corporate insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GOOG shares. KeyCorp set a $265.00 target price on Alphabet in a research report on Wednesday, September 3rd. Scotiabank upped their target price on Alphabet from $200.00 to $240.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 22nd. Citizens Jmp raised Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 26th. JPMorgan Chase & Co. upped their target price on Alphabet from $232.00 to $260.00 and gave the company an “overweight” rating in a research report on Wednesday, September 3rd. Finally, Oppenheimer reissued an “outperform” rating and set a $270.00 price target (up from $235.00) on shares of Alphabet in a research report on Wednesday, September 3rd. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $227.56.

Alphabet Trading Down 0.6%

NASDAQ:GOOG opened at $249.85 on Thursday. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $253.23. The stock has a market cap of $3.02 trillion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.69 and a beta of 1.01. The business has a fifty day moving average of $207.12 and a 200-day moving average of $180.46. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.19. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The company had revenue of $96.43 billion during the quarter, compared to analysts’ expectations of $93.67 billion. During the same quarter in the prior year, the business posted $1.89 earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. Equities analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 8.95%.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.